₦airaland Forum

famzynet:
@nonso10 , please can you update us about Turkish airline and covid at Lagos airport. You must have travelled by now. It will be painful for one to go and spend 50,400naira doing covid test only to find out on boarding day that it is not required.

Please we need update too..

famzynet:
Can anyone who travelled with Turkish airline over the past 3 days update us on if there is any covid requirement at Lagos airport on boarding.

Please am also waiting for answer from this post.

Thanks

opomulero:
good evening NL's,

please has anyone attended VAC with Self service option.

do they request/require for the FIRST PAGE OF VISA APPLICATION FORM ?

OR better still,

what are the PRINT-OUT that one needs to go to VAC with?

Good with:

1.the print-out they asked you to come with after you submitted your form &
2.your passport data page photocopy

Mpeace:
Something tells me the 10million offer is a fake offer meant to keep the price down while the suspected buyer continues to enjoy a relatively low price.

Q3 holds a lot of promise for this company and they are trying to get in before the results.

Am buying more with him....

HRprof:
You didn't add travel insurance?

What is travel insurance?

I didn't have it when I applied for my visit visa and I got the visa.

nna777:
It's today I really noticed . I will set my trap below 11 so that when him vex offload that offer, I will partake of the overflow

You too like cheap flights Sir.....

onegentleguy:
There was no error dear.
..the price closed flat @ N12.05
We know why. It's part of the many "melodies in the NSE room"
...just learn to dance to it, and adjust ur steps when necessary.

When that dude will rise, its pattern will likely take up the form of an escape velocity !!
If ur in, just relax with a cup of holix and be watching them on TV.

It is well.

Well said

onegentleguy:
Cheers to u too pastor V.
...I am humbled by ur show of eulogy.
Thanks for the compliments though.

Regards

You too like eulogy Sir....

You know am a trouble maker

Mpeace:
Lol is it today you noticed. Somebody is buying and he wants to buy low. They just fixed a single offer of 10million units at the end of the table to bring up the number of units on offer and prevent the stock from going on full bid. We are inside and just watching.

Once you know what you bought.....forget the daily movements

The heards will soon start to rush us.....

ositadima1:
Guiness stout is my sister's favourite drink, I also know a couple of people who only drink stout and Guiness in particular. Guiness will pull through, na since 1759 o, no be today matters o.

Past performance does not guarantee future returns.....

Any business can go down....It's a constellations of many factors

TLAX:
Audio playback for those interested

https://www.gtbank.com/uploads/financial-information/2020-Half-Year-Investor-Conference-Call.mp3

Thank you Sir

Please more of this playback from other equities

RabbiDoracle:
I looked at:

interest income - interest expense.

And compared between 2020 H1 and 2019 H1. There was a decline here even before factoring in impairment charges. You factor impairment charges, there was still decline. This shows there is problem with the loan book. If they are having conference call, try and listen in and see areas where callers will question.

I agree with you there are many areas where Access did better than UBA. But if I'm to choose, I will bet that UBA management will improve on the other expenses because they can control it or stop it (because it is a one-off charge) Unlike having loan issues.

Nwanna, oso Abiola ebidogo na US na EU o. Inafu ife anazu n'afia na obodo ndia? Umuaka Robinhood ha ga fu nke ka ose nsukka

TLAX:
A good place to get more insights on areas of doubt is the Investor Conference call of companies. Access bank call details is below. When UBA call details are available i will share if i lay my hands on it. Lets ask the CEOs directly. No need to trade insults.

Zenith Bank Conference Call Details for H1 2020 Audited Results
Zenith Bank Plc (Bloomberg: ZENITHBA : NL) Management will hold a teleconference call on Wednesday, September 9th, 2020 at 2pm Lagos Time (2pm London/ 3pm Johannesburg/ 9am New York) to announce Zenith Bank Plc’s audited financial results for the half year ended June 30th, 2020. There will be an opportunity at the end of the call for management to take questions from investors and analysts.
The presentation to investors and analysts will be available on Zenith Bank’s website before the conference call on Wednesday, September 9th, 2020.
The teleconference call facility can be accessed by dialing:
Nigeria Toll: +234 1 903 0080
United Kingdom Toll: +44 3333 000 804
South Africa Toll: +27 21 672 4118
United States Toll: +1 631 913 1422
Then quoting the following access code: 99502256#

Access Bank Plc Conference Call
Access Bank Plc (“Access Bank” or the “Bank”) has released its audited report for the Half Year ended 30 June 2020. The accompanying Financial Statement and Press Release are available for download on the Investor Relations (“IR”) portal of the Bank’s Website.
We are pleased to invite you to join the audio conference call with the Bank’s Executive team. The details of the event are as follows:
• Date: Friday, September 11, 2020
• Time: 1400hrs Lagos (0900hrs New York, 1400hrs London, 1500hrs Johannesburg)
Click here to pre-register https://services.choruscall.za.com/DiamondPassRegistration/register?confirmationNumber=6622053&linkSecurityString=8bc012605

A confirmation e-mail with the dial-in details will be sent to your registered e-mail as soon as the registration process is completed.
Ahead of the earnings call, the H1 2020 Investor Presentation will be available for download on the IR portal of the Bank’s website. Following the call, the transcript will be made available on the IR portal of the Bank’s website.

Weldone Sir.

Please could you send the audio recordings of these conference calls here for those of us that may miss it.

Thanks

Coolcash1:
Wapco gradually moving away from bargain hunters.

To hit N20 by December 2020.

Its a hold from me.

Is it in the dream?

Anyway, am with you Sir.....

RabbiDoracle:
In this context, the two banks considered are commercial banks and not investment banks. So I expect more of net Interest income than net trading in them.

Do you know that investors will wonder and ask questions on the reduce net interest income (for Access bank) to know if there is any issue with the loan books? If there is any issue, how bad is it? How are the provisions going to be? Did they make lower provision for losses which in turn made the PAT look good? These are the questions that can arise from just seeing that lower net interest income.

Investors can ask questions on non-core items but it will not be like the core items. Core item is the life of the bank. Just like Japaul having gross profit of less than N1b in its core operations but declaring N42b in non-core profit. Wetin be that? That tells you that the Japaul can't function after that one off gains.

Now back to UBA, investors will not ask questions on the core function because they can see growth even during this pandemic. However they will ask questions about the 'other expenses'. And you will agree with me that those other expenses can be easily controlled. Like the covid donations, it is within the management prerogative not to donate and if they don't, this adds to the PAT. So you will see that while management can control this line items, but you can't easily control current loan losses.

So if you see decline in Net interest income as nothing, bro, it is a big deal o. This means that some of the loans aren't performing.

Thank you Sir RabbiDoracle

You have said it all.

Am lacking behind in all the discussions here oo

Any help?

Or make you guys apply small brake make i comprehend the missed discussions

Well done guys.....

Grateful

currentprice:
reason some of us that can decode faster fasten mouth no time/energy for any kind of Gidigbo. time and energy for gbas gbos can best channel to identifying stock of the year.

the monika only show up at any hot argument to do what it created for

back to my hole b4 soldier catch me

Oga Currentprice no run a beg

What is that Stock for the year?

locodemy:
You know you are no1 target.Go and wear your helmet.

Do you have any penny stock we should put eyes on?

No more penny stocks this year Sir Locodemy......Go for the meat....

Make i run.....

meine:
I am heavily invested in both ACCESS and UBA and I wasnt expecting a great result from the UGAZ at this time because COVID is a leveler for every company. However ACCESS the biggest bank in Nigeria by customer base need to up its game and take serious mentorship from GTB.

How can you grow Earnings by a whooping 20% from 324billion in 2019 to 396billion in 2020 yet your EPS dropped by 9% from 1.90 to 1.73?

EFFICIENCY is the problem.

That is why I said, if ACCESS efficiency improves, it will go very high.

ONE LOVE EVERYONE......

WE ARE BROTHERS AND SISTERS IN THE LORD

IT'S GOOD TO HAVE HEALTHY DISCUSSION WITHOUT QUARRELS

bigjay01:
I am inclined to go the other way (Access ==> UBA). I haven't seen the effects of the hyped acquisition of Diamond Bank by Access. Large turnover (revenue) without a commensurate accretion to the bottom line.

ACCESS is Mr SWALLOW.....Until I see the effects of the various banks ACCESS has swallowed in recent times, am not entering the bus.

Maybe when the effects will show, ACCESS may become TOAST OF TOWN......But until then.....

onegentleguy:
My Pleasure Sir !!

There are 2 items to make of that post, If understood it well.
1) The swap/portfolio rebalancing is determined by the near term reward(possible cash flow from div and cap appreciation) and the quality of the assets under consideration(comparison of current fundamental stand in view)

2) Ur risk appetite and investment horizon.

Perhaps u forgot that the said guy can also decide to go back to his previous portfolio allocation weighting on the 2 coys before that YE benefit after making some gains.
He is not there to hold either coys forever. ...the sole aim is just to increase his chances of an ACTUAL RETURN from his EXPECTED RETURN while making the best use of time.(time value for money in view)
Note the use of the phrase; "increase his chances"

Again, note how he did not liquidate his entire holding in UBA. He merely increased the weighting in the other(ACCESS). ...for a good reason though.

Anyway, ur resolve is also not bad.

I wish u well in ur endeavour.

Regards

Ok Sir......

meine:
I won't pay more than N9 for UBA and N7 for Access Bank.

Thank you Sir.

My buy limit for UBA is N7....not Access fan....but will have same N7 for Access

meine:
I just saw this and decided to Chip in. This suggestion of swapping UBA for ACCESS does not seem to make investment sense taking into consideration that you will spend almost 3% on transaction charges when the transaction is completed.

That's not even considering the fact that UBA may pay a higher dividend than ACCESS by full year. If you have premised your argument on a potential higher price or dividend payout by ACCESS this may make sense.

Exactly what I said earlier.

UBA is more mature compared to ACCESS in terms of Dividend payments and Co-operate Governance

meine:
For traders planning to enter the market right now, it will be advisable to wait for pullbacks that may happen after payment of interim dividends by UGAZ before entering.

For long termers Zenith, Access and UBA are still cheap,my price limit for buying Zenith is N23.
Wapco is getting ready for some serious movement, 3rd quarter result will assure doubting thomases of Wapco's full recovery.
The new CBN policy that led to a meagre bank deposit rate of 1.35% will definitely bring some liquidity to the market. The good times seems to be here or not far away.

What of your price limits for buying ACCESS & UBA?

onegentleguy:
Because based on the Nos in their current financial print, one is clearly ahead of the other.
Compare Nos in their statement of CF and BS.

In view of their just released H1, 2020 report, what would u do if u hold 1M unit of UBA and about 370,000 unit of ACCESS BANK? ...someone asked me ealier today.

I asked him; Which is greater btw a possible N170,000+ return and a N250,000+ return(ROI)? ...he said the latter.
And I said; then I would seek to swap my holding in both coys.(1M unit in ACCESS and 370,000 in UBA)

The reason I wouldn't sell off all stakes in UBA to buy ACCESS is because an investor can also derive a premium above the difference in div cashflow(including WHT) of N92,500(i.e 342,000-250,000 btw gong all in on access and buying 1m unit) from cap appreciation holding some UBA over the same timeframe.

Dude later informed me he managed a successful swap in UBA for ACCESS. ...he did the swap @ same N6.5 price peg.
I simply congratulated him !!
We'll see if it was the right portfolio rebalancing move.

Note that the + sign above is because of the consideration for a possible cap appreciation.

For near same reason and more, it would be miles better to swap a certain WAPCO ahead of both BUA and DANGOTE CEMENT looking ahead into the end of the yr.
...I'd say the time to do that is now !!
And a swap btw WEMA and JAIZ/UNITY BANK? ...absolutely !!
What about a swap btw ZENITH and GTB or a swap btw ACCESS and ZENITH/GTB?
...well, that would depend on a few other factors, part of which is your risk appetite and investment horizon.

NOTE: This isn't just about potential cash flow from dividends alone. ...added to that is the consideration of the degree of possible cap/price appreciation in view of their recent financial reports.

Selah

Thank you Sir.

I will not swap UBA for ACCESS....UBA will be better than ACCESS in final year Dividend Declaration by Match..

But ACCESS may marginal better price appreciation than UBA......

onegentleguy:
Relatively flat result, but with a slight drawback.
Better than its UBA though !!

While both coys(ACCESS and UBA) remain underpriced, I will score the former slightly better than the latter.

Regards

What are the reasons you prefer ACCESS to UBA?

NB: Am in UBA bus...

TLAX:
Okay. EPS dropped about 9% from 190k to 173k. They maintained their 25 kobo dividend.

Very good......but drop in EPS is to be considered

rentAcock:
I plan to sell my father's land, liquidate my savings account, take out a loan against my father's house and use my tuition money to buy tesla. I have done my research and I strongly believe tesla will go back to $2500 by Chrismas time. If I can raise N5 million and invest it all in tesla, I should have N25 million by Christmas. I'm about to become the richest person in my family and its all thanks to you people here.

Too risky

Are you in Tesla Management Board?

ikoroduarea:
Thanks for your reply. I thought I can just buy and leave for like 10 years or more? I thought I only need the learning for trading?

Just follow what Pa Emmanuelwumi told you. .you will appreciate it later.

[quote author=holm post=93507905][/quote]Great quote

I don't think it can happen again.....36% loss within a week......

ojesymsym:
Lol... The questions are really....

Seriously, are they really people who don't have the most basic idea of stock. I thought it used to be taught in economics subject.

Them teach me stocks in Economics, but I didn't understand anything then....